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account payable

noun, plural accounts payable.
a liability to a creditor, carried on open account, usually for purchases of goods and services.
Origin of account payable
First recorded in 1935-40 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for account payable

account payable

(accounting, US) a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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